Insurers seek clarification on no claims declarations and the insurance act

The outlawing of 'basis' clauses raises important issues for warranty and indemnity insurers.

The UK's Insurance Act 2015 has now been in force for several months, allowing a little time for its provisions to bed in. The act, which applies to non-consumer insurance contracts, includes several key reforms of the law relating to, among other things, the effect of warranties in insurance contracts.

This article was published in Insurance Day (Issue 4,742) on 30 November 2016.